Our first auctions of 2016…
Our office had it’s old hum back last week. The auction files sat proudly on our desk and the phones were buzzing with deposit cheque clarification and contract legal review feedback. We’d started to really miss our auction bidding and it had been exactly seven weeks since our last public auction. This break is what shapes…
Geelong Gentrification
Back in late 2015 Amy and I met a fantastic investor client who’s apportioned savings, borrowing capacity and cashflow position placed her in an exciting and unique investing position. She desired reasonably healthy out-of-pocket cashflow (not exceeding $650pm before tax benefit) and had targeted a spend of around $500,000. Our client valued the idea of…
…The stamp duty concession cut-off
I met with a delightful couple some weeks ago. Their brief was simple – but it wouldn’t be easy. They had a goal to find a three bedroom home in Newport or Altona North but they were capped at $600,000. Like every other first home buyer who is keen to take advantage of the stamp…
..the pre-Christmas Rush is on!
With only two more weekends left for the year until Melbourne’s auctions take a break for nine weeks, there is a feel of motivation (and in some cases, desperation) in the air. Some buyers have been searching for weeks, some for months, and we recently met someone who had been searching for a year. Buyers want…
…What to do when the two you like auction the same day?
A lovely client of ours enlisted our support to help her find her future home while she juggled the difficulty of balancing ever-changing night shifts at a busy south-eastern hospital. Her brief was simple; she hoped to find a well-lit, secure modern townhouse in a quiet street. Often we assist overseas or interstate buyers who…
A great villa in Ascot Vale… chancing it at Auction
We identified a little block of villa units in Ascot Vale earlier this year in our quest for an investment property for a young couple. In a boutique block of four, the unit we had found for past clients was at the rear of the block and had a bonus addition of a huge courtyard on title…
An amazing and cost-effective renovation in Footscray…
Back in March this year we proudly bid at auction for this skillion roof, daggy two bedroom house in Swan Street Footscray. Our buyers were excited, but not for quite the same reasons. He had seen through it, understood our intrigue and agreed with me that his dreams of renovation could be easily achieved in…
Buying an off-market for an interstate investor…
It’s not an unusual occurrence for us to buy for a trusting investor who makes a purchase decision without sighting the property themselves. In fact, that is our job – to guide investors through the steps, mitigate as much risk as possible, share our media clips and pictures of the property we’ve set our sights on…
Great buying in Reservoir….
I had all of the great ingredients for a really fun client brief. $500K-ish budget, capital growth focus, up-and-coming-suburbs, and best of all, a lovely client who was engaged in the whole process and had fabulous questions along the way. We decided to target two main catchments; Sunshine & surrounds and Reservoir/Fawkner. Our aim was to…
….a little slice of Victorian-style Heaven in Coburg
A fantastic, third-time client of ours decided to take our advice and diversify his portfolio by adding a piece of Melbourne’s inner-north to it. His mutual love of Victorian cottages and terraces matched mine and we knew that we’d have a challenge on our hands this time with a $650,000 brief targeting quality areas in…
Six Reasons Why High-Density, High-Rise Apartments Scare Me
Just this week we had two lovely clients and a prospective new client ask us about our thoughts on a high-rise, high-density apartment they’d each picked out; one in the CBD and one in Docklands. It was an interesting adventure for one who’s preapproval was deemed invalid for the property she’d set her sights on. So while she was…
How would we define “set and forget” investing?
Investors’ briefs come in all different shapes and sizes. Our various considerations span from budget size, yield requirement, maintenance limits to future opportunities…. and all the while, our investors want Capital Growth. After all, that’s the main goal for most investors. Getting it all seems a holy grail. But when an investor is prepared to…
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